Hi, so at the end of year 4 we would have already 1,500 on DR accruals and 1,500 on CR accruals, which would neither make sense nor show a true picture of business. When and how do we annul accruals against one another? Thanks
It's becoming easier and easier to get out of long leases with CVAs / administrative processes etc. - this (IFRS 16) feels like such a late and unnecessary change..
Hi Could you please feedback about the following case: We have lease contact with 5 years We are on 3rd year and the owner gives discount SR 500,000(half year) what the right accounting treatment for this discount?
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Hi, so at the end of year 4 we would have already 1,500 on DR accruals and 1,500 on CR accruals, which would neither make sense nor show a true picture of business. When and how do we annul accruals against one another? Thanks
Dr & Cr balances will simply net off each other, and there will be no accrual balance at the end of year 4.
It's becoming easier and easier to get out of long leases with CVAs / administrative processes etc. - this (IFRS 16) feels like such a late and unnecessary change..
why did the bank need to be credited with $2000 instead of $1500?
Julia Amira The actual payment made in yr 2 is €2000 (bank) but we only recognise 1500 in the p&L
rent payment is 2000 from year 2 doing 3 payments of 2000 for 3 years, =6000. first year is free/
Chris ROCKS
Hi
Could you please feedback about the following case:
We have lease contact with 5 years
We are on 3rd year and the owner gives discount SR 500,000(half year)
what the right accounting treatment for this discount?
same problem with us .... and accounts stuck due to same
Ask on the opentuition acca askatutor forum
Chris never listens why😂?
Our tutors do not monitor posts here, but they always answer questions asked in the Ask the Tutor Forums on our free website :-)
@@opentuition oh no. I was referring to him asking for a part to be edited off video. 👍🏾 Thank you